How Narendra Modi's demonetisation is weighing on sectors
Uploading Date : 29-11-2016The government’s decision on November 8 to immediately ban Rs 500 and Rs 1,000 notes that account for 86% of all currency in circulation has impacted a raft of sectors. Consumers have turned frugal, causing a sharp drop in demand for goods and services. While farmers and small industries will bear the brunt and sectors like transport and real estate will visibly be in pain, several other......... industrial sectors will have to scale back services or production.......
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Fearing tighter US visa regime, Indian IT firms like Infosys, TCS rush to hire, acquire
Uploading Date : 29-11-2016Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there........
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Government plans to bring common Portal to certify exporters
Uploading Date : 28-11-2016The government plans to bring on a single online platform about 200 agencies that issue certificates to exporters to help them avail duty benefits at the destination or importing country, another move aimed at improving ease of doing business in India.........
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RBI taking all steps to 'ease genuine pain of honest citizens': Governor Urjit Patel
Uploading Date : 28-11-2016Reserve Bank of India governor Urjit Patel broke his silence over demonetisation on Sunday and said the central bank was monitoring the situation on a daily basis, assuring the public that there were enough notes to go around and urging people to switch to electronic transactions......
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Tata Steel replaces Cyrus Mistry with OP Bhatt as interim chairman
Uploading Date : 26-11-2016The board of Tata SteelBSE 2.37 % voted to replace Cyrus Mistry as the chairman of the company and named State Bank of IndiaBSE -0.29 % veteran OP Bhatt as an interim replacement until the extraordinary general meeting (EGM) is held on December 21, the steelmaker said in a regulatory filing on Friday........
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Ashok Leyland acquires Nissan's stake in 3 JVs
Uploading Date : 26-11-2016The Hinduja Group's flagship firm Ashok LeylandBSE 1.58 % said on Friday that it has completed the acquisition of Nissan Motor Co.'s stake in three joint-ventures between the two companies — Ashok Leyland Nissan-Vehicles Ltd, Nissan-Ashok Leyland Powertrain Ltd and Nissan-Ashok Leyland Technologies Ltd........
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Exchange of old Rs 500, Rs 1,000 notes to continue only at RBI counters
Uploading Date : 25-11-2016Exchange of banned Rs 500 and Rs 1,000 notes will continue to be available at counters of the Reserve Bank of India (RBI), up to the current limits per person, the RBI said in a release on Friday.....
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India may impose curbs on domestic gold holdings: Report
Uploading Date : 25-11-2016The Centre may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money", news agency NewsRise reported, citing an unnamed finance ministry official.....
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